One of the wisest things I've read in the past few months was a brief statement on greed and fear. It could even have been here on the porch that I saw it, I cannot recall.
But the gist of it was this: it is always said that the markets are driven by two factors, greed and fear. We have all heard this so often we believe it, when in fact it isn't exactly as true as it sounds. Because it isn't really greed that drives most of today's investors, those that post here, on Yahoo, on Raging Bull, or wherever. It is not greed, it is hope. Two very different things. I read many of the posts here on the porch, and many posts elsewhere. I don't see greedy people in them, for the most part, I see hopeful people. Bright, optimistic, hopeful people. People eager to share, to help others, to offer insight and assistance, to learn together, and to prosper together.
Hope may blind us from time to time. It may cause us to make poor decisions on occasion. But it is also the primary motivator that causes us to act, not only on our behalf, but on behalf of others...our families, our friends, those we love, even strangers whom we may never meet, half a continent away.
Hope, not greed.
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